POWER SECTOR STOCKS IN FOCUS! NTPC, Power Grid Corporation share prices are among the top gainers list on Nifty - What investors should know

NTPC share price is up nearly 4% today, trading at Rs 116, up Rs 4. The 52 week low on NTPC is Rs 78 and market cap is near 1.12 lk cr. NTPC share price is trading near its 52 week high of Rs 116.75. Power Grid Corporation is up 3% today, trading at Rs 233, up Rs 7 today. 52 week low on the stock is Rs 154.6 and the 52 week high is Rs 239.85. Market cap of Power Grid Corporation is Rs 1.27 lk cr.
 
ICICI Securities says that NTPC has closed FY21 with excellent operational figures despite the challenges faced during H1FY21. Helped by disbursals by PFC and REC through the Aatmanirbhar scheme for discoms, NTPC’s FY21-end receivables are estimated to have declined to 45-48 days (Rs 120 bn – Rs 140 bn), lower than at FY20-end. NTPC’s transition towards an integrated energy company with focus on clean and green energy is taking shape with projects in several business areas, both large-scale and pilot. Maintain BUY rating on NTPC with an unchanged target price of Rs 165.

Technical Analyst Nilesh Jain, who is Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking, says that NTPC is making a higher top and higher bottom formation on the weekly time frame and stock can expect the momentum to continue towards Rs 130 levels. The support has shifted higher at Rs 105. Jain said that Power Grid Corporation has given a fresh breakout from a falling channel on the daily time frame. The upside is open for Rs 250 and Rs 270 levels the immediate support is placed at Rs 222 levels
 

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ICICI Securities says that NTPC is developing India’s largest floating solar PV project with capacity of 100MW, spread over 450 acres at the Ramagundam plant’s reservoir in Telangana. Cost of the project is Rs 4.2bn and it is expected to be commissioned by May’21
 
ICICI Securities says NTPC is focusing on green hydrogen-based pilot mobility projects, as well as hydrogen blending in natural gas. Further, it is also working on pilot projects for green methanol, green ammonia, and microgrids. ICICI Securities highlights that NTPC has deployed 14 electric buses in Andaman and Nicobar Islands. As per the MoP, a total of 970 public EV charging stations have been installed across India, of which, NTPC has installed 140 stations.
 
ICICI Securities says that NTPC purchased GAIL's share (25.51%) in Ratnagiri Gas and Power Pvt. Ltd. (RGPPL) and sold its own share (14.82%; on fully diluted basis) in Konkan LNG Ltd. to exit completely. NTPC's shareholding in RGPPL (a subsidiary company) now stands at 86.49%.
 
POWERGRID was conferred with ‘Maharatna’ status also acting in the capacity of their Project Manager, is a CPSE under the Ministry of Power, GoI. As of March 31, 2019, POWERGRID was the 3rd largest CPSE in terms of gross block as per the Public Enterprises Survey 2018-19. As of November 1, 2020, POWERGRID was the largest power transmission company in India in terms of length of transmission lines measured in circuit kilometres. As of August 31, 2020, POWERGRID’s share in India’s cumulative inter-regional power transfer capacity was more than 85%. q POWERGRID is carrying out O&M of the Initial Portfolio Assets (“IPA”) since their respective Commercial Operation Date (“COD”) and has entered into O&M agreements with the IPA POWERGRID, as Project Manager, has entered into Project Implementation and Management Agreement with PGInvIT, says Axis Capital